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Dropbox shares close up 35 percent in biggest tech debut since Snap

Dropbox Inc's shares closed at $28.42, up more than 35 percent in their first day of trading on Friday, as investors rushed to buy into the biggest technology initial public offering in more than a year even as the wider sector languished. | Video

Recent Business News

Qualcomm re-elects board of directors with tepid support

SAN DIEGO Qualcomm Inc re-elected its board of directors on Friday with weak support from shareholders, who grilled the U.S. chipmaker over its strategy following its successful defense against a $117-billion hostile bid from Broadcom Ltd .

6:20pm EDT

Goldman Sachs CEO Blankfein sees 9 percent pay hike in 2017

Goldman Sachs Group Inc Chief Executive Lloyd Blankfein saw his overall compensation rise 9 percent, despite the investment bank's lackluster performance in 2017.

2:58pm EDT

Canada calls end to trade case positive for 'longstanding' Boeing ties

MONTREAL, OTTAWA Canada on Friday welcomed as a "positive development" in its long ties with Boeing a decision by the U.S. planemaker to end a trade dispute over sales of Bombardier CSeries jets in the United States.

1:34pm EDT

Spotify says about two million users blocked ads without paying

Spotify Technology SA said on Friday it uncovered 2 million users of its free service who had blocked advertising without paying, highlighting a potential revenue risk for the soon-to-be public company. | Video

4:19pm EDT

Boeing set to win American wide-body jet order: sources

PARIS/NEW YORK Boeing Co is close to winning a keenly fought contest to supply 787 Dreamliner jets to American Airlines , beating European competition from the Airbus A330neo, three people familiar with the matter said.

5:42pm EDT

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